CARRIER GLOBAL Corp

Carrier Global Corporation announced the completion of an underwritten offering, successfully issuing $750 million in 5.000% Notes due 2029 and $750 million in 5.350% Notes due 2033. The company plans to utilize the net proceeds primarily for refinancing existing indebtedness, specifically targeting the repayment of its 2.493% notes due February 15, 2027. Any remaining funds will be allocated for general corporate and working capital purposes, potentially including the repayment of commercial paper borrowings. The new notes are unsecured senior obligations with semi-annual interest payments.

Carrier Global Corporation announced its third quarter 2026 results, reporting a 12% increase in net sales to $6.263 billion and a 30% rise in adjusted EPS to $0.87. The company saw significant growth in orders, up approximately 35% overall, driven by a ~60% increase in Commercial HVAC orders, leading to a record backlog exceeding $8.5 billion. Despite strong operational performance and positive outlook with revised full-year guidance, Carrier recorded a substantial $3.1 billion goodwill impairment charge related to its Climate Solutions Europe segment.

Carrier Global Corporation reported mixed financial results for Q2 2026, with total net sales increasing to $6.35 billion, while diluted EPS from continuing operations decreased to $0.60. The company also announced the completion of the sale of its Riello business on July 1, 2026, for approximately $430 million. Additionally, Carrier repurchased $748 million worth of common stock and declared a cash dividend of $0.48 per share during the quarter.

Carrier Global Corporation reported better than expected financial results for the second quarter of 2026, with net sales up 4% to $6.35 billion and adjusted EPS of $0.86. Organic sales returned to growth earlier than anticipated, increasing 3%. The company generated $810 million in free cash flow and returned approximately $640 million to shareholders. Due to strong performance and record backlog levels, Carrier has increased its full-year outlook for sales to ~$23 billion and adjusted EPS to ~$2.90.

Carrier Global Corporation announced the appointment of Neil Barua as an independent director to its Board of Directors, effective July 24, 2026. Mr. Barua will also join the Board's Compensation Committee and Technology & Innovation Committee. He is currently the President and CEO of PTC Inc. and brings a strong background in leading industrial companies and driving digital transformations with AI.

CARRIER GLOBAL Corp reported a significant decline in Q1 2026 net earnings and diluted EPS, despite a modest increase in total net sales. Net earnings attributable to common shareowners fell 42.2% to $238M, with diluted EPS decreasing 40.4% to $0.28. Operating profit also saw a substantial drop, while restructuring costs increased sharply. The company continues with its share repurchase program and is progressing with the divestment of its Riello business.

Carrier Global Corporation reported first-quarter 2026 net sales of $5.3 billion, a 2% increase year-over-year, despite a 1% decline in organic sales. Adjusted EPS was $0.57, down 12% from the prior year, while GAAP EPS was $0.28. The company experienced significant order growth, with data center orders up over 500% and Commercial HVAC orders up 35%, and reaffirmed its full-year outlook.